bulk annuity
Schemes urged to act on bulk annuities as funding 'crumbles'
Defined benefit (DB) schemes should act now to insure members’ benefits before an “anomaly” in the markets is corrected, Prudential Retirement has said.
Five stories you may have missed this week
This week’s top stories included The Pensions Regulator launching a prosecution against the director of a professional trustee firm, and the regulator approving five master trusts.
L&G agrees £35m buyout with Edwards Wildman Palmer scheme
Legal & General (L&G) has entered into an agreement with US law firm Locke Lord for a £35m buyout of UK-based Edward Wildman Palmer pension scheme.
Rothesay Life secures record year with £3.7bn bulk annuity deals in H2
Rothesay Life has completed £3.7bn of bulk annuity transactions so far in the second half of this year, according to its latest trading update.
The potential pitfalls of a buy-in
While buy-ins can provide an immediate reduction to liability values, schemes run the risk of retaining key risks and storing up problems, says Jos Vermeulen
Just Group exploring DB de-risking partnership while bulk annuity deals fall
Just Group is exploring a defined benefit (DB) de-risking partnering approach as part of the development of a capital light fee business, according to its half-year results.
Sportech scheme completes buy-in with Just
The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.
Rothesay Life completes £700m of bulk annuity deals in H1
Rothesay Life completed around £700m of bulk annuity transactions in the first half of 2019, according to its latest trading update.
Smiths Group scheme conducts £176m buy-in with Canada Life
The Smiths Industries Pension Scheme has secured a £176m buy-in with Canada Life, its second with the insurer.
Bulk annuity transactions will top £15bn in H1, predicts LCP
Lane Clark and Peacock (LCP) has predicted the total volume of buy-ins and buyouts will surpass £15bn in the first half of this year, more than double 2018 H1 volumes.
PIC signs £5.8bn of bulk annuity business in H1
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
How Rolls-Royce completed its £4.6bn buyout with L&G
Following Rolls-Royce's record buyout earlier this month, James Phillips speaks to some of the key players about the process.
Legal & General completes £95m buy-in with 3i scheme
The 3i Group Pension Plan has agreed a £95m bulk annuity transaction with Legal & General (L&G).
Merrill Lynch scheme completes £400m buy-in with Scottish Widows
The Bank of America Merrill Lynch UK Pension Plan has insured benefits for 915 pensioner members in a £400m buy-in with Scottish Widows.
Scottish Widows completes buy-ins totalling £830m with Peugeot and QinetiQ
Scottish Widows has completed two bulk annuity transactions totalling £830m, insuring benefits for the Peugeot Advanced Pension Plan and the QinetiQ Pension Scheme.
A bulk annuity market innovation for small schemes
The challenges for small pension funds to buy out their liabilities are well-known. A solution has emerged and is set to become popular across the DB universe, writes Stephanie Baxter
PIC posts £7.1bn of bulk annuity deals in 2018 taking nearly a third of the market
Pension Insurance Corporation's (PIC) bulk annuity business transacted £7.1bn of buy-ins and buyouts over the course of 2018, its annual results reveal.
National Express scheme completes full buy-in with Rothesay Life
The National Express UK Pension Scheme has completed a full buy-in with Rothesay Life, insuring benefits for all members.
American bulk annuity boom could squeeze UK market
Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.
The key considerations for dealing with GMP equalisation
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.
Is your scheme really buyout ready?
Jane Kola looks at what pension funds can they do to improve their chances of concluding a successful deal on good terms
What does 2019 hold in store for DB pensions?
Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
Just Group nets £1.1bn of bulk annuity deals
Bulk annuity sales at Just Group have nearly doubled, with total deals amounting to nearly £1.1bn, the insurer's nine-month results reveal.
Hitachi enters first pensioner buy-in with Scottish Widows
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
